Home Security Solutions Market Expected To Hit $47,542.52 Million By 2020

Home security is concerned with residential security from several issues such as theft, burglaries, and unethical practices. To control these issues, various home security products and solutions have been made available by various market players. These solutions consist of medical alert systems, intruder alarm systems, access control & management systems, intercom systems, video surveillance systems, fire protection systems, and integrated systems. Residential security is a growing market due to the need for safety and the increasing crime rates in different parts of the world. The security solutions segment in the residential sector has been experiencing a significant growth since the past few years due to the adoption of electronic security solutions, increasing rate of burglary, and attractive insurance policies to residents for installing security systems. Browse 78 market data tables & 78 figures spread through 202 pages and in-depth TOC on “Home Security Solutions Market by Product, Solutions, Home Type & Geography – Global Forecast to 2020" athttp://www.rnrmarketresearch.com/home-security-solutions-market-global-forecast-analysis-2012-2017-market-report.html .

Despite the several benefits offered by home security systems, lack of awareness about technological advancements and a higher cost of security solutions are some important restraining factors that are posing toward the growth of the home security system solutions market. A rise in the awareness levels among consumers and increased adoption of new technology for home security would gradually result in the cost reduction of the solution, thus driving the market for global home security solutions.

The global home security solutions market was valued at a market size of $28,318.69 million in 2014. It is expected to grow further to $47.542.52 million by 2020, at a CAGR of 8.7% between 2015and 2020. In terms of geography, the Americas accounted for the largest market share of ~61% in 2014, followed by APAC with ~21%. The key driving factors behind the growth of the Americas region are the major key players located in the region and the growing concern toward security in various industry verticals, such as public places and residential areas.

The report presents a detailed insight on the home security solutions market and identifies the key trends of various segments of the market with in-depth quantitative and qualitative information. The report segments the global home security solutions market on the basis of products, solutions, home types, and geography. Furthermore, it contains market size forecasts and trend analysis with respect to the market’s timeline. Detailed geographic insights with respect to major regions, such as the Americas, APAC, Europe, and RoW have been analyzed.